The importance of food sales to any business cannot be overstated. Indeed recent reports have shown that overall more & more people dine out, rather than just go out for a drink . Therefore the importance of the food side of any business should not be underestimated. It is a vital source of revenue & a marketing tool to increase footfall through the door of any hospitality business.
All hospitality businesses whether they are based in Shropshire, Staffordshire, Hereford & Worcester, Mid Wales or the Midlands or in other parts of the country which serve food incur costs in the provision of food. This applies whether the business is a small, family business to an international chain of hotels. Keeping these costs to a minimum is one aspect of good housekeeping but there are other criteria which can effect the overall trading profitability of your food business.
Your professional stock taker will establish from you what gross profit margin you want to achieve & will look at ways in which you can reach your target. Regular stock audits throughout the year will enable your business to keep a close eye on its trading profitability & make any necessary changes as you go along. These changes will be specifically tailored to needs & performance of your business.
Firstly just like the wet stock take all food stock must be counted & this is usually done in conjunction with the Chef. All delivery notes, invoices are seen and information is taken from these as well as income information & details of waste, staff food etc. Reports will be generated from this information which will show the overall profitability of this aspect of the business. This will enable a view taken on the trading efficiency of the business.
If it is believed that a business is underachieving then there are certain key areas which can be examined in more depth. These include:-